RE: RE: RE: altcar3 - hrattle ? Extreme AMC volumeAltcar3, Hrattle,
both of your thoughts sound kind of "reasonable".
But at the bottom line - one point is UNCLEAR to me:
...
Alexis recorded a net loss for the twelve months ended December 31, 2009 of $4.37 million compared to a net loss of $1.99 million for the twelve months ended December 31, 2008.
...
How comes, that Alexis more than doubled the net losses in 2009 ?
I can understand somewhat .. in Q4 2009 (Garson aquisition) loss: over 2 million USD ?
In Q4 2009, loss is *only *due to Garson purchase ?
What about the rest of the year 2009: where are the losses coming from ?
How can they loose with working mines, at so high gold prices ?
E.g.
Production costs: 767 usd / oz and
Avg Sale price: 1140 usd / oz ?
Where is all the money ?
Why is no profit left ?
(I must have overlooked something, I am sure.